India Smartphone Market Size, Share, Revenue, Dynamics And Forecast 2027

India has the world's second-largest smartphone market, after China. In 2020, the Indian market will outperform North America, Latin America, and Africa. With a population of over 1 billion people and rising disposable income levels (per capita income climbed to Rs. 95000 or US$ 1301 in 2020 from Rs. 73000 or US$ 1000 in 2015), India is one of the most profitable markets for smartphones. The market has expanded by a ratio of ten, from 14.5 million shipments in 2011 to 150 million in 2020. In 2020, the Indian market will fall 4%, but it will still surpass markets in North America, Latin America, and Africa.